Autohome (NYSE:ATHM) Rating Increased to Hold at The Goldman Sachs Group

Autohome (NYSE:ATHM) was upgraded by equities research analysts at The Goldman Sachs Group to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. StockNews.com cut Autohome from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Autohome currently has an average rating of “Hold” and an average target price of $28.00.

Autohome Price Performance

Shares of ATHM stock opened at $28.02 on Wednesday. The stock has a market cap of $3.39 billion, a P/E ratio of 13.94 and a beta of 0.20. The stock has a fifty day moving average price of $29.02 and a 200 day moving average price of $27.54. Autohome has a one year low of $21.89 and a one year high of $34.70.

Autohome declared that its Board of Directors has initiated a share buyback program on Wednesday, September 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Autohome

A number of hedge funds and other institutional investors have recently modified their holdings of ATHM. Atlas Capital Advisors LLC bought a new position in shares of Autohome in the 2nd quarter valued at about $28,000. DekaBank Deutsche Girozentrale boosted its stake in Autohome by 93.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after acquiring an additional 2,614 shares during the last quarter. Van ECK Associates Corp grew its holdings in Autohome by 23.5% during the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after acquiring an additional 1,351 shares during the period. California State Teachers Retirement System raised its position in shares of Autohome by 4.9% during the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock valued at $195,000 after acquiring an additional 348 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Autohome in the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.